GOLD on the 4h chart after the recent news started again the bullish run.
The price after the break of the daily resistance retest the level and is now trading below a minor 4h resistance.
Out outlook remains bullish and with the upcoming events and uncertainty in the banking sector we could see a new test of the 2k level.
How can i approach this scenario?
If the price will break above the resistance level and will satisfy the Plancton's academy rules we can set a nice long order.
The price after the break of the daily resistance retest the level and is now trading below a minor 4h resistance.
Out outlook remains bullish and with the upcoming events and uncertainty in the banking sector we could see a new test of the 2k level.
How can i approach this scenario?
If the price will break above the resistance level and will satisfy the Plancton's academy rules we can set a nice long order.
Comment:
breaking now above
Comment:
possible higher high
Comment:
perfect break and retest
Comment:
reached the 2k as expected
Comment:
classic rejection by the weekly resistance at a round number
